Aussie RMBS Nearly Doubles

Strong investor demand has prompted the banking unit of AMP, the Australian fund manager, to nearly double its Progress 2011-1 Trust residential mortgage-backed securitization from $A500 million ($533.66 million) to $A940 million ($1 billion).

23 May 2011

Strong investor demand has prompted the banking unit of AMP, the Australian fund manager, to nearly double its Progress 2011-1 Trust residential mortgage-backed securitization from $A500 million ($533.66 million) to $A940 million ($1 billion). In total 16 investors, including the Australia Office of Financial Management, participated in the
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